Gasgoo Daily: BYD’s DENZA to launch concept SUV model

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

BYD’s DENZA to launch concept SUV model

Sales manager of DENZA, Zhao Changjiang disclosed that DENZA will debut a global-oriented SUV concept model, paving the way for its following mass-produced mid-size five-seater SUV model.

DENZA X; photo credit: DENZA

Suppliers to raise price on essential auto chips

Founder and CEO of WM Motor, Shen Hui, said via a Weibo post that the rumored price increase on Bosch’s automotive chips are true, and other Tier1 suppliers are also lifting their prices on the essential chips.

Li Auto acquires insurance agency qualification

According to China’s corporate database, Qichacha, Li Auto has become the new controlling shareholder of Yijian Insurance Broker Co., Ltd.

CATL to resume construction of Shanghai base tomorrow

CATL will fully resume the ongoing construction of its integrated electric chassis project in Shanghai on June 1st.  

GAC Toyota’s bZ4X likely to hit market on June 17th

GAC Toyota’s bZ4X is likely to be on the market on June 17th. The vehicle has started presale, with a price range of RMB220,000 to RMB300,000 ($33,063 to $45,086).

China initiates new round of NEV Going to Countryside compaign

On May 31st, a document facilitating a new round of “new energy cars going to the countryside” promotion is released by China’s Ministry of Industry and Information Technology, Ministry of Agriculture and Rural Affairs, Ministry of Commerce, and the National Energy Administration. 

China's vehicle inventory alert index in May drops 9.6 percentage points MoM

China's vehicle inventory alert index (“VIA”), which reflects the inventory pressure on automobile dealers, declined 9.6 percentage points month on month in May 2022, according to the China Automobile Dealers Association (CADA).

GAC Honda’s e:NP1 all-electric SUV starts at 175,000 yuan in presale

GAC Honda, the joint venture between GAC Group and Honda Motor, today kicked off presale of the e:NP1, the first production model under its all-electric vehicle brand e:NP, with the presale price range of 175,000 yuan to 205,000 yuan ($26,240-$30,740) unveiled at the same time.

China cuts vehicle purchase tax on some PVs to boost consumption

On May 31st, China’s Ministry of Finance and State Taxation Administration jointly released an announcement on the policy of reducing the vehicle purchase tax on some of the passenger vehicles (PVs) in China, to boost automobile consumption and support the development of the auto industry.

JoysonAI introduces JUN Sim Cloud simulation platform

Joyson Electronics’ intelligent auto research arm, JoysonAI, launched new smart simulation platform, JUN Sim Cloud for intelligent driving-related simulation needs.

FAW Hongqi puts self-developed dual-motor DHT to mass production

On May 30th, FAW Group’s mainstay wholly-owned brand, Hongqi, announced that it has mastered the technology of dual-motor dedicated hybrid transmission (DHT) and saw its first dual-motor DHT go into mass production.

Gotion High-Tech adds 30GWh production capacity with two new sites starting production

Gotion High-Tech has added 30 GWh to its total production capacity by opening two new sites at the end of May, representing a great significance to the company's aim of increasing total capacity to 100GWh by the end of this year.

Ecotron’s domain controller-powered Robosweeper delivered to WeRide

On May 30th, autonomous driving domain controller supplier Ecotron announced that 50 Yutong Bus-made Robosweepers, which were powered by the supplier's domain controllers, were delivered to WeRide.

CATL starts production at Phase I of Zhaoqing battery base

On May 30, CATL held a ceremony to celebrate the start of production at its power battery factory in Zhaoqing city, Guangdong province, the battery giant announced via its WeChat account.

Li Auto to enable straight-line summon function to Li ONEs via OTA

On May 31st, China’s new energy vehicle startup Li Auto announced that it would soon facilitate another OTA update, the OTA 3.1 version, to its only model on the market, the Li ONE.

TuSimple teams up with image-grade LiDAR supplier Innovusion

On May 31st, long-range image-grade LiDAR supplier Innovusion announced its strategic partnership with autonomous driving developer TuSimple.

Dongfeng Motor Group to gain back control right of light truck company DFAC

On May 30th, China's light truck arm Dongfeng Automobile Company (DFAC) announced that its controlling shareholder has been changed from Dongfeng Motor Company Limited (DFL) to Dongfeng Motor Group (DFMG).

GAC-backed Greater Bay Technology starts building headquarters, manufacturing base

On May 28, Greater Bay Technology (“GBT”), a supercharging technology developer incubated by GAC Group, broke ground on a manufacturing base of energy storage devices and systems in Nansha New District, Guangzhou city, the company announced via its WeChat account.